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Center Pivot Irrigation Systems Market


Agriculture
Farm Equipment & Irrigation

The center pivot irrigation systems market is projected to grow at a CAGR of 14.9% from 2016 to 2021, to reach a projected value of USD 1,734.4 Million by 2021. Center pivot irrigation systems are gaining significance because unirrigated lands are being converted into mechanized irrigation, shrinking arable land, and higher production as compared to rain-fed crops.

The global center pivot irrigation systems market is led by the cereal crops segment, followed by the oilseeds & pulses segment. Rapid growth in the demand for cereal crops from increasing population and use of cereals in animal feed and biofuels are driving the application of center pivot irrigation systems in cereal crops. Higher yield requirement from limited area has also led to the growth in its application.

Among the field type on which center pivot irrigation systems are employed, the large field segment accounted for the largest market share in 2015. Center pivot irrigation is widely used in large fields because of the high returns of investment and reduction in per acre cost. Stationary center pivot irrigation systems have a larger market share as compared to mobile systems, since in large fields, the use of stationary systems is more feasible.

North America accounted for the largest market share for center pivot irrigation systems, U.S. being the fastest growing and having the largest market share in this region from 2016 to 2021. There is shifting of cropland to larger farms as better financial returns are realized through larger crop farms. Europe is projected to be the second-largest market for the period considered for this study.  The Rest of World (RoW) region is projected to grow at the highest CAGR between the forecast period 2016–2021. The development of corporate farming in African and Middle Eastern countries is a major market driver in these regions.

Center Pivot Irrigation Systems Market

High investment required at the time of installation of center pivot irrigation systems is one of the restraints for the center pivot irrigation systems market. The continuous maintenance requirement is also hindering the growth of this market.

Valmont Industries is a pioneer in the field of center pivot irrigation systems. A major strategy of the company has been new product launches for addressing the needs of the growers and modernizing irrigation techniques. Valmont has strategically entered into a number of agreements and partnerships that has helped the company to reach a greater number of users and improve its product offerings. It is strategically acquiring companies in the same industry and constantly launching new products to stay ahead of its competitors. For instance, Valmont acquired AgSense (U.S.) which would aid in expanding its offerings in remote monitoring and control technology for agriculture.

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